American and UK data out Friday
28 July, 2011
Friday sees the monthly “non-farm payroll” data from the USA – a key indicator of the employment market and typically a volatile moment for the US Dollar.
If you need to send money to America, 1.30pm is the key moment. If more jobs have been created in the US economy than expected, the dollar is likely to strengthen and become more expensive.
Also on Friday, UK PPI (Producer Price Index) figures are out at 9.30am. This is an important measure of inflation and can give the Pound a boost – or the opposite – which will affect all exchange rates if you are sending money abroad.
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